Air Freight Forwarding Market Scope
Freight forwarding provides support to understand customer needs. These companies are organizing and plan a shipment, getting cargo from the starting point to the destination point. This service simplifying the communication between all people who involved in moving parts. The air freight forwarders are specialized in moving freight by air on either passenger crafts cargo aircrafts. This helps in understanding the intricacies of air freight, relationship with the TSA, and Others. It navigates through all key freight documents, insurance, customs, and any turbulence you encounter along the way. The air freight forwarding software is a user-friendly solution.
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Research Analyst at AMA estimates that Switzerland Manufacturers will contribute to the maximum growth of Global Air Freight Forwarding market throughout the predicted period.
DHL Group (Germany), DB Schenker Logistics (Germany), GEODIS (France), Panalpina (Switzerland), DSV (Denmark), Bollora Logistics (France), Kuehne + Nagel (Switzerland), Expeditors (United States), UPS Supply Chain Solutions (United States) and Nippon Express Co. (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Hellmann Worldwide Logistics (Germany), DSV Air & Sea Ltd. (Denmark), Bollore Logistics (France), Sinotrans Ltd. (China), Kintetsu World Express (Japan), Ceva Logistics (Switzerland), Agility Logistics (Switzerland), Yusen Logistics (Japan), Geodis (France) and NNR Global Logistics (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Air Freight Forwarding market , by Application (Small Size Companies, Medium Size Companies and Large Size Companies) and Region with country level break-up.
On the basis of geography, the market of Air Freight Forwarding has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Rising Implementation of Value Added Services
- Increase Adoption from Military Transportation
Market Drivers
- Rising Demand for Cost-Effective and Smooth Delivery in Cargo Freights
- Increasing Safety and Security Concern in the Logistics Sector
Opportunities
- Increasing number of air freight exports, from last few years Africa is gaining high attraction, and others such as the Middle East and the Asia Pacific is seeing a slight fall in the air freight market. And the other reason was the high impact of the United States and China disputes. So in the current market scenario, there is huge growth potential in Africa.
Restraints
- High Cost as Compare to Sea Freight Forwarding
Challenges
- Complex Implementing Procedure
- Lack of Consumer Awareness
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Air Freight Forwarding Service Providers, Government Regulatory and Research Organizations and End-Use Industries